Veritone Inc. today announced aiWARE™ 2.0, enhancing the
world's first operating system for artificial intelligence (AI). This new
release of Veritone's industry-leading aiWARE operating system includes further
enhancements to the groundbreaking new features released over the past year, as
well as new features and tools that make aiWARE easy to customize and use for
an even wider range of use cases. aiWARE 2.0 boasts a real-time processing framework,
expanded cognitive capabilities, new electronic document support, structured
and unstructured data support, and advanced customization options, as well as
multiple industry-specific turnkey applications.

The company's proprietary platform provides enterprises and
government agencies with an extensible software infrastructure enabling
fast-to-market AI deployments at scale. Users can easily implement, integrate,
and use aiWARE with their existing IT infrastructure without the need for
extensive machine learning expertise, both of which are among the greatest
challenges for organizations in their pursuit of AI adoption, according to
Gartner's 2019 CIO Survey1. With aiWARE's patent-pending approach to
orchestrating an expanding ecosystem of cognitive engines through a single
platform architecture, users have the ability to easily access more than 320 AI
engines, including Veritone's proprietary engines, engines from cloud
infrastructure providers, curated niche engines, and more to enable transformation
of audio, video, and other data sources with greater breadth, depth, and
accuracy than single-AI-engine solutions. Users can leverage Veritone's suite
of applications, or quickly and easily create their own applications, to
leverage aiWARE to drive business processes and insights.

"With its real-time data processing, new cognitive
engines, and turnkey applications, aiWARE is a powerful tool for organizations
that seek to accelerate their adoption of AI and achieve a competitive
edge," said Chad Steelberg, co-founder and CEO of Veritone. "By
empowering organizations to deploy AI solutions quickly and without extensive
machine learning expertise, Veritone is charting the course to democratize AI.
Our approach to a centralized AI ecosystem, easily accessible through a common
platform architecture, is transforming how organizations deploy AI."

aiWARE 2.0 Enhancements:

The new enhancements to aiWARE, together with the features
added over the past year, further establish aiWARE 2.0 as an enterprise-grade
AI platform that enables organizations to deploy both custom and turnkey
AI-powered solutions quickly and without significant machine learning
expertise.

Real-Time Eventing Framework. aiWARE's breakthrough
real-time eventing framework now supports Veritone's full range of cognitive
capabilities, enabling the platform to support use cases that require real-time
data insight extraction or cognitive workflows. Unlocking results within a few
seconds, users can accelerate decision-making and streamline workflows to
improve the efficiency and effectiveness of their operations while reducing
costs. For example, media customers can benefit from the platform's real-time
framework by processing their broadcast audio through aiWARE's transcription
engines, immediately delivering text that can be used for closed captioning.

Structured Data and Electronic Documents. aiWARE enables
organizations to leverage both structured and unstructured data to generate
insights from complex analyses. Through aiWARE 2.0's expanded support for
different data types and formats, such as Word and PDF files, customers can
leverage Veritone applications or developers can create their own applications
that analyze and correlate sources such as public and private databases with
unstructured files (photos, video, and audio).

With aiWARE's structured data capability, applications such
as Veritone IDentify can not only identify suspects using facial recognition
but can also correlate identified suspects with criminal records, officer
reports, and other critical information to expedite investigations.

In the media and entertainment industry, Veritone Attribute
leverages this new structured data capability to ingest and analyze an
advertiser's website traffic performance measured by Google Analytics and
correlate that data with live audio and video broadcast streams to create
powerful attribution models.

New Veritone Cognitive Engines. aiWARE 2.0 features
Veritone's proprietary, state-of-the-art machine learning technologies and
toolkits that allow users to create customized engines across multiple
cognitive capabilities, including face recognition, object detection, content
classification, image classification, and more. Whether to create new or
enhance existing business solutions, these proprietary Veritone engines can be
easily trained for specific use cases to achieve greater accuracy. Veritone's
latest engines can be deployed as a part of a cloud or hybrid solution within
aiWARE to conform with security and regulatory compliance requirements.

For example, a major broadcaster might need to track
appearances of a new brand logo across its television broadcasting. Its staff
can easily train a customized logo-detection model then deploy it into the
aiWARE environment for real-time brand identification.

Expanded Cognitive Capabilities. The unique Veritone
ecosystem has grown rapidly year over year and today includes more than 320
engines across several new cognitive capabilities, such as speaker separation,
with more capabilities and engines being continuously added. Individually and
working in concert, these cognitive capabilities further expand the universe of
potential use cases for Veritone customers.

To illustrate, law enforcement agencies commonly record
conversations in jails. However, these conversations often transition between
multiple languages, making transcription very difficult. aiWARE can assist
agencies by employing multiple natural language processing engines to
transcribe then translate these recorded conversations.

Extensibility. New self-service tools in aiWARE 2.0 make it
easy for enterprises to leverage Veritone's configurable platform architecture
to create solutions customized to their business challenges. Greater
flexibility in implementing new cognitive engines, new data sources, and new
data schemes makes the Veritone platform a future-proof investment.

AI-Enabled Business Applications. aiWARE 2.0 features six
Veritone-developed turnkey business applications designed to tackle specific
industry challenges without the need for AI expertise. These applications
include Veritone IDentify, Veritone Attribute, Veritone Redact, Veritone Core,
Veritone Digital Media Hub, and Veritone Commerce. End users can implement
these solutions and realize business benefits instantly.